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Jeffrey Epstein’s estate began handing documents over to Capitol Hill lawmakers on Monday, pursuant to a subpoena issued by the House Oversight Committee last month.

Trustees tasked with handling the late pedophile’s matters were ordered to turn over a tranche of files, including his infamous ‘birthday book,’ as part of House lawmakers’ investigation into Epstein and his accomplice Ghislaine Maxwell.

The ‘birthday book,’ along with Epstein’s last will and testament, details of his 2007-2008 non-prosecution agreement with the U.S. Attorney’s Office for the Southern District of Florida, entries from Epstein’s contact books from Jan. 1, 1990 through Aug. 10, 2019, and information about Epstein’s known bank accounts, were all handed over to investigators.

A committee aide told Fox News Digital that staff would review the documents, and they would be made public ‘in the near future.’

House Oversight Committee Democrats, meanwhile, took to X with what appears to be an excerpt from the ‘birthday book’ that shows a message from President Donald Trump to Epstein, though the White House denied its veracity.

‘As I have said all along, it’s very clear President Trump did not draw this picture, and he did not sign it. President Trump’s legal team will continue to aggressively pursue litigation,’ White House press secretary Karoline Leavitt wrote on X, specifically in reference to a Wall Street Journal story that first mentioned allegations of Trump writing in the book.

A letter from attorneys representing Epstein’s estate signaled in a letter to the Oversight Committee that Monday’s production was just the first tranche of documents pursuant to the congressional subpoena.

Committee Chair James Comer, R-Ky., sent a letter on Aug. 25, requesting a slew of documents by Sept. 8.

‘It is our understanding that the Estate of Jeffrey Epstein is in custody and control of documents that may further the Committee’s investigation and legislative goals. Further, it is our understanding the Estate is ready and willing to provide these documents to the Committee pursuant to a subpoena,’ Comer wrote at the time.

As part of his non-prosecution agreement, Epstein pleaded guilty in 2008 to two state charges in Florida of soliciting and procuring a minor for prostitution, avoiding more severe federal charges. He ended up serving 13 months in county jail with the benefit of a work-release program, confidential settlements with some victims, and being registered as a sex offender. 

It also allowed co-conspirators to avoid charges – a major point of contention during his accomplice Ghislaine Maxwell’s federal trial in late 2021. It’s also the basis of Maxwell’s appeal to the Supreme Court to overturn her guilty verdict.

Subpoenaed documents include all entries in a book compiled by Maxwell for Epstein’s 50th birthday, Epstein’s will and information on his 2008 non-prosecution agreement.

Lawmakers hope that the ‘birthday book,’ which allegedly includes personalized messages from Epstein’s friends and associates, will shed light on his personal connections. The information is likely to be dated, however, with the book having been compiled in 2003.

Information was also sought on Epstein’s financial transactions, call and visitor logs, and ‘any document or record that could reasonably be construed to be a potential list of clients involved in sex, sex acts, or sex trafficking facilitated by Mr. Jeffrey Epstein,’ according to a copy of the subpoena viewed by Fox News Digital.

Comer has subpoenaed a litany of individuals, as well as the Department of Justice (DOJ), for information related to Epstein.

He is also bringing in Alexander Acosta, a former Trump administration labor secretary who also served as U.S. attorney for the Southern District of Florida when Epstein entered into a non-prosecution agreement with the federal government in 2008, for a transcribed interview on Sept. 19.

Comer and other members of the House Oversight Committee met with Epstein survivors last week.

About 33,000 pages of files turned over by the DOJ have already been released by the House Oversight Committee, though the vast majority of those were already public knowledge.

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The House Oversight Committee has released another tranche of files related to Jeffrey Epstein on Monday night, which includes a message from former President Bill Clinton in the late pedophile’s infamous ‘birthday book.’

The surprise document dump by the GOP-led panel came hours after Epstein’s estate turned materials over to House investigators, pursuant to a congressional subpoena.

Among the documents released by the committee is the reported book compiled by Epstein accomplice Ghislaine Maxwell for the late pedophile’s 50th birthday.

What appears to be an entry by Clinton praises Epstein’s ‘childlike curiosity, the drive to make a difference, and the [illegible] of friends.’

The book also appears to include entries by former Epstein attorney Alan Dershowitz and President Donald Trump, though the White House and the president himself have vehemently denied its veracity on multiple occasions.

‘As I have said all along, it’s very clear President Trump did not draw this picture, and he did not sign it. President Trump’s legal team will continue to aggressively pursue litigation,’ White House press secretary Karoline Leavitt wrote on X, specifically in reference to a Wall Street Journal story that first mentioned allegations of Trump writing in the book.

Fox News Digital also reached out to Clinton’s office for comment.

Epstein and Clinton were known to have a cordial relationship, and Clinton is known to have flown on Epstein’s plane on numerous occasions. 

Neither he nor Trump have been accused of any wrongdoing related to Epstein, however.

Speaker Mike Johnson, R-La., told reporters when asked about Trump’s entry in the book, ‘I’m told that it’s fake.’

The entry under Dershowitz’s name references a news article that he took for influencing, perhaps in a joking manner, changing the focus from Epstein to Clinton.

‘Dear Jeffrey, As a birthday gift to you, I managed to obtain an early version of the Vanity Unfair article. I talked them into changing the focus from you to Bill Clinton, as you will see from the enclosed excerpt. Happy birthday and best regards,’ the entry said.

Dershowitz has also consistently denied wrongdoing as it relates to Epstein.

A cartoon drawn underneath, that was not attributed to anyone, shows a man at a bar with the caption, ‘I’ve come to the conclusion that I should be thinking less about money and more about naked women, and biomathematical research.’

Other entries in the ‘birthday book’ appear to be Epstein during various stages of his life.

Another entry appeared to make a joke about Epstein being a U.S. intelligence asset. Below a photo of Epstein next to a woman with her face redacted reads a note, ‘He is the boyfriend of [redacted]…We think he works for the CIA.’

A photo on another page shows a young Epstein in front of what appears to be a store counter, with the accompanying caption, ‘Are you sure this will make my ‘winkie’ grow?’

The tranche of documents released by the House Oversight Committee also includes details of Epstein’s last will and testament, what appears to be an address book of contacts, and details of his 2007-2008 non-prosecution agreement with the U.S. Attorney’s Office in Southern Florida.

In a statement upon the files’ release, House Oversight Committee Chairman James Comer, R-Ky., criticized Democrats for earlier releasing only the portion of the files that included Trump’s name – and asserted that the president was not implicated in any wrongdoing.

‘It’s appalling Democrats on the Oversight Committee are cherry-picking documents and politicizing information received from the Epstein Estate today. Oversight Committee Republicans are focused on running a thorough investigation to bring transparency and accountability for survivors of Epstein’s heinous crimes and the American people,’ Comer said.

‘President Trump is not accused of any wrongdoing and Democrats are ignoring the new information the Committee received today. The Committee will pursue additional Epstein bank records based on this new information. Democrats must decide if their priority is justice for the survivors or politics.’

The release comes a day before former Obama administration Attorney General Loretta Lynch is set to appear before Comer’s panel for a closed-door deposition on Epstein.

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Supreme Court Justice Amy Coney Barrett pushed back against partisan portrayals of the Supreme Court, telling Fox News’ Bret Baier that justices ‘wear black, not red or blue’ and follow the Constitution, not politics.

She appeared on Fox to promote her new book, ‘Listening to the Law,’ and to address public perceptions of the Court’s work and independence.

Barrett stressed that the Court is not divided into partisan teams. She also defended its approach to presidential power, clarified misconceptions about the Dobbs decision, and reflected on her originalist judicial philosophy.

Her book touches on details such as assigned seating, courtroom traditions, and the gap between outside perception and inside reality.

‘You know, we don’t wear red and blue, we all wear black because judges are nonpartisan. And the idea is that we are all listening to the law. We’re all trying to get it right. We’re not playing for a team,’ she told Baier. ‘We don’t sit on specific sides of the bench, left and right. You know, we sit in order of seniority.’

Barrett underscored the disconnect between public perception and the Court’s inner workings, noting:

‘I often ask new law clerks what surprised you most when you started? And one of the most common answers is the difference between what’s happening on the inside and what people think is happening on the inside.’

Critics on the left argue the Court is shielding former President Donald Trump, a view reflected in headlines from outlets such as The New York Times and NBC.

Barrett responded by placing the Court’s work in historical context, stressing that cases on presidential power extend beyond any one occupant of the office.

‘We’re not deciding cases just for today, and we’re not deciding cases based on the president,’ Barrett said. ‘As the current occupant of the office, we’re deciding cases about the presidency. So we’re taking each case, and we’re looking at the question of presidential power as it comes. And the cases that we decide today are going to matter.

‘Four presidencies from now, six presidencies from now, and so on. Each of these cases that we’re getting, you know, well, I mean, some of them overlap, but many present different constitutional issues,’ she added.

She stressed the Court rules on the presidency as an institution, with decisions that resonate across administrations.

Turning to the Dobbs decision, Barrett said the ruling did not outlaw abortion but returned the issue to the political process—a point she argued has been widely misunderstood.

‘Dobbs did not say that abortion is illegal. Dobbs said it belongs to the political process,’ Barrett said.

Barrett acknowledged growing threats to judges, stressing violence should not be ‘the cost of public service.’

Returning to public perception, she said the Court must follow the law even when rulings are unpopular, stressing integrity over public opinion.

‘The court… can’t take into account public opinion in making individual decisions… you have to follow the law where it leads, even if it leads in a place where the majority of people don’t want you to go,’ she said.

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The House is preparing to take up its annual defense policy bill this week, with Democrats filing hundreds of amendments — many aimed at rebuking President Donald Trump’s administration and current GOP priorities

Lawmakers submitted roughly 450 proposed amendments to the fiscal 2026 National Defense Authorization Act (NDAA). Among them are measures dealing with diversity, Israel funding and Trump’s crackdown on illegal immigration.

The House Rules Committee will review the bill Monday afternoon and set parameters for debate, paving the way for a floor vote later this week.

Most of the progressive amendments are unlikely to survive, underscoring their symbolic nature. Still, Democrats are using the traditionally bipartisan defense package to spotlight opposition to the White House and Republican leadership.

Rep. Jasmine Crockett, D-Texas, filed several amendments, including one to strike the NDAA’s prohibition on using defense funds for diversity, equity and inclusion (DEI) efforts.

Similarly, Reps. Luz Rivas, D-Calif., and Jill Tokuda, D-Hawaii, offered an amendment to block a ban on DEI programs at the Pentagon.

Crockett also introduced language aimed at halting construction of migrant detention facilities on military installations, directly challenging Trump administration policy.

Rep. Maxwell Frost, D-Fla., put forward an amendment barring Defense Department funds from supporting migrant processing and detention operations.

The Pentagon announced last month it is building the country’s largest federal migrant detention center in Fort Bliss, Texas.

Rep. Delia Ramirez, D-Ill., filed two amendments targeting Trump-era immigration policies. One would prohibit funding for family separation, while another ‘prohibits funds from being used to transfer non-citizens to foreign prisons, except under treaties and extradition laws,’ according to the Rules Committee website. The latter proposal would effectively block deportations to El Salvador.

Reps. Rashida Tlaib, D-Mich., and Ilhan Omar, D-Minn., introduced measures aimed at limiting U.S. support for Israel.

Tlaib’s amendment would ban U.S. arms sales to countries whose governments include officials with outstanding International Criminal Court (ICC) arrest warrants. The ICC issued warrants in late 2024 for Israeli Prime Minister Benjamin Netanyahu and senior officials.

Omar’s proposal seeks to repeal Israel’s emergency access to a U.S.-managed weapons stockpile located in the country.

The NDAA is a bill passed every fiscal year that sets national security and defense policy for the U.S. government.

More than 1,000 total amendments have been introduced to this year’s bill.

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President Donald Trump just took a pivotal step to make healthcare affordable again.

On Sept. 4, his administration announced that most Americans will now be eligible to buy what are known as ‘copper plans’ on the ObamaCare exchanges. Before this reform, nearly all Americans were legally barred from buying these much more affordable plans. But now working families can get the plans they need at a price they can afford – and many uninsured people will likely get covered as a result.

The president is fixing one of the fundamental problems with ObamaCare. That law forced Americans who get their insurance on the individual market to buy costly plans, and in the 11 years since the law went into effect, they’ve gotten even pricier.  

ObamaCare plans have risen by nearly 200% since 2013. What’s more, prices for all plans are expected to rise another 18% by the start of next year.

ObamaCare’s authors knew their law would make healthcare more expensive. That’s why they quietly created an actually affordable option, which they called ‘copper plans.’ These plans cover pre-existing conditions, essential health benefits and everything else that ObamaCare requires, but they come with slightly higher out-of-pocket costs in exchange for dramatically lower premiums. 

Tens of millions of people could benefit from these options, but the federal government only allowed a minuscule number of Americans to buy them. Basically, you had to be under the age of 30. While anyone else could apply for a ‘hardship exemption’ to become eligible, the federal government rarely, if ever, granted these requests, forcing people to pay much more.

No longer. The Trump administration has effectively said that most Americans are now eligible for a hardship exemption, meaning anyone can buy a copper plan. Research from my organization shows that, on average, copper plans have 22% lower premiums than the typical bronze plan – and they cost up to 60% less than ObamaCare’s gold plans. By choosing these options, families can literally save hundreds or even thousands of dollars per year.

The return of affordability is reason enough to praise the president’s move. But this reform will have the added benefit of empowering uninsured people to finally get coverage they can afford. Nearly 27 million Americans are uninsured, many – if not most – because health insurance costs too much. They’ve needed access to copper plans, but their own government has blocked them. Now they’re free to buy better coverage.

Crucially, the uninsured population has the exact groups of people who can help the ObamaCare exchanges become more sustainable. The second and third-largest groups of the uninsured are between the ages of 26 and 34 and 35 and 44, respectively. These tend to be healthier people who don’t need costly plans because they don’t need much health care. As such, they don’t mind the higher out-of-pocket costs that come with the typical copper plan.

By helping to get more of these people covered, President Trump may very well stop the doom loop that has defined ObamaCare – a doom loop of ever-higher prices driving more and more people out of the markets altogether. And with fewer uninsured Americans and more people on private coverage, hospitals will see their uncompensated care costs drop. So hospitals – especially rural hospitals – will be on stronger footing.

This single reform could help millions – if not tens of millions – get more affordable coverage. It also meshes well with another commonsense policy issued by President Trump. He has reversed the Biden administration’s restrictions on short-term plans, empowering Americans to buy even more affordable coverage options for years at a time. 

This reform will also expand coverage to more uninsured people, while enabling others to get plans that better fit their budgets. We’re talking Americans of all ages who are in between jobs and looking for work, those who’ve retired but aren’t yet eligible for Medicare, and working families desperately looking for affordable coverage.

Americans urgently need this healthcare relief. While Democrats and the media are demanding that Republicans merely expand ObamaCare subsidies to prevent people from losing coverage, that’s not a real or sustainable solution. 

More government subsidies only make health insurance more expensive, not less. President Trump has taken the better road by giving Americans greater access to more affordable plans.

When it comes to helping families out, the president’s short-term reform will make a long-term difference, and his copper plans reform gets a gold star.

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Bullish stock price has been in a free fall since its listing in August. After peaking at $117, it has plunged to $52, erasing billions of dollars in value as its market capitalization fell to $7.65 billion. 

Why Bullish stock price has plunged

Bullish is a top crypto exchange and publisher backed by Peter Thiel. It operates the Bullish crypto exchange and Coindesk, one of the top news websites in the crypto industry. 

In addition to offering a news platform, Coindesk also provides indices, which companies use to create crypto-related funds. Most importantly, Bullish is one of the top Bitcoin treasury companies as it holds 24,000 coins, currently worth over $2.68 billion. 

Bullish stock price has plunged this year as investors sour on Bitcoin treasury companies. A closer look shows that most of these companies, like Metaplanet, Strategy, Trump Media, and MicroCloud Hologram, have all plunged. 

The ongoing BLSH stock crash is also due to the ongoing selling by some of the earlier buyers. Historically, investors who benefit after the IPO tend to sell their holdings to take profits. 

The decline is also in line with most companies in the crypto industry. Coinbase stock price has plunged by over 30% from its highest point this year. Robinhood stock has dived by 14% from the year-to-date high. 

Bullish earnings ahead

Meanwhile, Bullish stock price has plunged as investors wait for the upcoming financial results set for later this month. These results will provide more information about its business and whether it is growing. 

The challenge for Bullish is that most of its revenues come from transactions, a sector that can be highly volatile. For example. Coinbase has invested substantially to diversify its operations and is now generating revenue from custody, stablecoins, staking, and subscriptions. 

Bullish stock price has also plummeted after the recent results showed that its digital asset sales remained flat in the first quarter. It made $80.2 million in revenues, lower than the $80.4 million it made in the same period last year. 

Bullish also made a big loss in this period, with the net loss soaring to $348 million from a profit of $104 million in the same period last year. The profit and loss was mostly because of the change in fair value of investment in financial assets. 

The one analyst tracking the company on Yahoo Finance expects its revenue to come in at $58.6 million, while its annual one will be $325 million. If accurate, the annual revenue will be higher than the $250 million it made in 2024. 

A recent report showed that its total trading volume is not moving in the right trajectory. Its volume was $48.8 billion in August, down from $53.8 billion in July. Its Q2 volume of $179 billion was lower than Q1’s $251 billion. 

BLSH stock price analysis 

Bullish stock chart | Source: TradingView

The hourly chart shows that the Bullish stock price has plummeted from a high of $117.12 to the current $52.35. It recently dropped below the important support level at $56.42, it lowest swing on August 20. It is now attempting to retest this resistance level, in what could be a break-and-retest pattern. 

Therefore, the stock will likely rise to $56.4 and then resume the downtrend, potentially to the all-time low of $47, followed by the psychological point at $45. 

The post Here’s why the Bullish stock price has plunged and what next appeared first on Invezz

GameStop stock price has moved sideways in the past few months as investors dumped Bitcoin holding companies and its business continued to deteriorate. GME was trading at $22.6 on Friday, down by over 37% from its highest point in July. 

GameStop stock stuck ahead of earnings

GME stock price has remained in a tight range in the past few months. This consolidation is expected to end this week as investors react to its earnings, which are scheduled to be released on Tuesday.

These results will provide more color on its business and whether its weaknesses continue. The most recent results showed that the net sales dropped to $734 million in the first quarter from $881 million in the same period last year. 

Data compiled by Yahoo Finance shows that the average estimate of 2 analysts is that the second-quarter revenue rose by 3.12% to $823 million. If this is accurate, it will be the first time that GameStop’s revenue has jumped. 

These analysts expect that GameStop’s revenue will be $3.52 billion, a 8% drop from 2024. It will then make $3.1 billion in the next financial year, continuing a trend that has been going on for year. 

GME’s annual revenue has been in a downward trend in the past few years, moving from $6 billion in 2021 to $5.92 billion, $5.2 billion, and $3.2 billion in the next financial years. 

This trend will likely continue in the coming years as people are no longer buying games and consoles in retail shops as they did in the past. 

The recent results also showed that the company made a profit of over $44.8 million in the last quarter. Analysts see the profitability trend to continue, with the upcoming results expected to show that its earnings per share (EPS) rose to 16 cents from $0.01 in the same period last year. The annual EPS will grow to 73 cents. 

Solid balance sheet

While GameStop’s business is in trouble, its main advantage is that it boasts one of the best balance sheets in the retail industry. It ended the last quarter with $6.3 billion in cash and short-term investments and $7.1 billion in current asset, against $1.4 billion in long-term debt. 

GameStop has also invested in Bitcoin and is now the 20th biggest holder with 4,710 coins currently worth over $527 million. This valuation will likely continue growing if Bitcoin price continues rising. 

GameStop is also one of the most shorted companies in the United States with a short interest of 15%. This means that strong results may lead to a short squeeze. Besides, its volume remains strong at 11.18 million a day.

Read more: GameStop stock: Time to embrace the MicroStrategy approach?

GME stock price technical analysis 

GameStop stock price chart | Source: TradingView

The daily timeframe chart shows that the GME stock price has moved sideways in the past few weeks. It has remained between $21 and the resistance at $24.5 in the same period. 

As a result, the spread of the three lines of the three lines of the Bollinger Bands has narrowed substantially, which may lead to a substantial squeeze. 

GameStop stock price is also in the accumulation stage of the Murrey Math Lines tool. Therefore, the stock will likely have a short squeeze when it publishes its financial results this week.

The post GameStop stock price may short-squeeze this week: here’s why appeared first on Invezz

Oracle stock price has pulled back in the past few weeks, moving from a high of $260 in July to $232 today. This performance could change this week as Larry Ellison’s company publishes its financial results. 

Oracle stock has benefited from the AI boom

Oracle share price has done well in the past few months, helped by the ongoing AI tailwinds. Its stock has jumped by over 97% from its lowest level in April this year. 

The company has become a major player in AI, as evidenced by its participation in Stargate, the $500 billion project in collaboration with Softbank, OpenAI, and MGX. The project will see the company build large data centers in the United States. It recently announced a $30 billion deal with OpenAI.

Oracle has become a major option for companies building artificial intelligence solutions. While its cloud service is smaller than Microsoft’s and Google, it is seeing robust growth in an industry that analysts expect to continue growing in the coming years. Studies expect the sector will have a CAGR of over 17% by 2030.

The most recent results showed that Oracle’s remaining performance obligations (RPO) rose by 41% in Q4 to $138 billion. The Q4 revenue jumped by 11% to $15.9 billion, while the infrastructure as a service (IaaS) revenue rose by 52% to $3 billion. 

Its cloud application (SaaS) revenue rose by 12% to over $3.7 billion. Oracle’s revenue and profits are growing. Its net income jumped by 22% to $3.4 billion. 

Wall Street is optimistic, but valuation is a major concern

Analysts anticipate that its revenue will continue to do well in the first quarter. The average revenue is expected to come in at $15 billion, up by 13% from the same quarter. The most optimistic analyst predicts revenue will rise to $15.48 billion. 

Most importantly, analysts expect the second quarter revenue will rise by 15% to $16.2 billion. The annual revenue will be $66.62 billion and $79 billion in the next two financial years. 

Oracle’s revenue growth has coincided with the rising profits. The earnings per share is expected to come in at $1.48, up from $1.39 in the same period last year.

The main concern about the Oracle stock has become more expensive than Nvidia. It trades at a forward price-to-earnings (PE) ratio of 47, much higher than the sector median of 30. Its forward PEG ratio is 2.45. In contrast, NVDA’s metrics are 38 and 0.99, respectively. 

Oracle is also expensive, even with its rule-of-40 metrics. Its forward revenue growth of 16% and its net income margin of 21% gives it a rule-of-40 multiple of 37%.

ORCL stock price technical analysis

ORCL stock chart | Source: TradingView

The daily timeframe chart shows that the ORCL stock price pulled back and bottomed at $218, the strong pivot reverse point of the Murrey Math Lines.

It has remained above the 50-day and 100-day Exponential Moving Averages (EMA). Its Relative Strength Index (RSI) has continued rising in the past few weeks.

Therefore, the stock will likely continue rising as bulls target the year-to-date high of $260.80, which is slightly above the ultimate resistance level at $250. 

A move above that level will point to more gains , potentially to the extreme overshoot level of $281. A move below the support at $210, the 100 EMA will invalidate the bullish outlook.

Read more: Oracle stock price crashes as we predicted: 16% dive possible still

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Synopsys stock price has dropped and is nearing a correction phase after falling by 8.35% from its highest point this year. It has dropped to $598 and formed a highly bullish pattern ahead of its quarterly results on Tuesday. 

Synopsys to release its earnings

Synopsys is one of the biggest companies in the United States with  a market capitalization of over $100 billion. It is a relatively unknown company to most people because it offers its solutions to some of the biggest companies in sectors like semiconductors, automotive, and consumer electronics.

The company makes software in the electronic design automation (EDA) and semiconductor intellectual property industries. It is one of the top companies used by some major firms in the AI space like Intel, TSMC, Samsung, Micron, NVIDIA, Qualcomm, Broadcom, and AMD.

It has been one of the best-performing companies in Wall Street as its stock has jumped from $198 in 2020 to $600 today. Its market capitalization has jumped from $29 billion in 2020 to over $100 billion today.

Synopsys growth has happened both organically and through acquisitions, with the most recent one being Ansys, which it acquired in a $35 billion deal that closed in July.

The most recent results showed that Synopsys revenue growth continued in the second quarter as demand from key industries like software and other tech names. Its revenue rose to $1.6 billion, at the midpoint of its guidance.

The next important catalyst for the SNPS stock will be the upcoming financial results, with its revenue coming in at $1.7 billion, a 15.8% increase from the same period last year. The most optimistic analyst expects the revenue to come in at $1.81 billion m

Analysts then expect the upcoming results to have a third-quarter guidance of $2.59 billion, a 58% increase from the same period last year. This growth will be substantial as they will include the acquisition of Ansys.

Analysts also see the annual revenue coming in at $7.4 billion, followed by $10.45 billion in the coming year, making it one of the fastest-growing players in the technology space. Most importantly, the synergies from its Ansys buyout will boost its profitability, with analysts expecting its earnings per share (EPS) rising to $14.58 and $16.6, respectively.

The company seems to be fairly valued, with the forward price-to-earnings ratio being at 37, lower than other slow-growing companies in the technology industry.

Synopsys stock price analysis 

SNPS stock price chart | Source: TradingView

The daily chart shows that the SNPS stock price has jumped from a low of $365 in April this year to $600 today. 

It has formed a descending channel in the past few weeks. This channel is part of the formation of the bullish flag pattern, which is a popular continuation sign.

Synopsys stock price has moved above the important support level at $593, the highest swing in December last year.

The stock moved above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control.

Therefore, the stock will likely have a strong bullish breakout, with the next key level to watch being at $650, its highest level this month, which is about 9% above the current level. A drop below the support at $570 will invalidate the bullish forecast.

The post Synopsys stock price bullish flag points to a surge after earnings appeared first on Invezz

The USD/JPY exchange rate retreated for the fifth consecutive day as market participants reacted to the shock Shigeru Ishiba resignation as Japan’s prime minister and as odds of a Federal Reserve interest rate cut rose. It dropped to 147.35, down by over 1.2% from last month’s high.

Ishiba’s resignation and BoJ interest rate decision 

The USD/JPY exchange rate pulled back after Japan’s Prime Minister Ishiba resigned during the weekend. The ruling party is now working on the potential candidates who will replace him in the coming months. Some of the floated names are Sanae Takaichi, Shinjiro Koizumi, Yoshimasa Hayashi, and  Takatuki Kobayashi.

Meanwhile, market participants are still waiting for next week’s interest rate decision by the Bank of Japan (BoJ), which will come out on September 19.

There are three scenarios, including a modest interest hike, status quo with a hawkish bias, and a surprise rate hike. The most likely scenario is where the bank leaves the interest rate unchanged and leaves the door for a future hike open.

Recent macro data showed that Japan’s inflation remained higher than expected. The headline Consumer Price (CPI) eased to 3.1% in July from 3.3% in the previous month. Core CPI, which excludes the volatile food and energy prices, remained at 3.1% during the month.

Inflation could remain high in the coming weeks as Japan is set to implement a 6.3% wage hike, which will fuel more demand.

US inflation data

The USD/JPY exchange rate is also reacting to the recent weak jobs numbers from the US. A report by the Bureau of Labor Statistics showed that the economy created just 22,000 jobs in August, lower than the median estimate of 75,000.

This report also showed that the unemployment rate rose to 4.3%, the highest level since the pandemic, a sign that Donald Trump’s policies are having an impact on the economy.

The BLS will release its annual revision of jobs numbers later on Tuesday, with analysts expecting it to revise numbers by as much as a million. This report will mean that the labor market is more fragile than initially expected.

The most important data will come out on Thursday when the US releases the official consumer inflation data. Economists expect the report to show that the headline Consumer Price Index (CPI) rose from 2.7% in July to 3.0% in August as companies continued to adjust their prices.

Core inflation, which excludes the volatile food and energy prices, is expected to remain at 3.1%. As such, the Federal Reserve will likely deliver a rate cut in the next meeting despite the economy remaining in a stagflationary period.

USD/JPY technical analysis 

USD/JPY chart | Source: TradingView

The daily timeframe chart shows that the USD/JPY exchange rate has been under pressure in the past few days. It has moved from a high of 149 to 137 after falling in the last five consecutive days.

The pair has moved below the 50-day and 25-day Exponential Moving Averages. It is also hovering slightly above the important major S/R level of the Murrey Math Lines tool at 146.87.

Therefore, the most likely scenario is where it continues falling and then bounces back after the Federal Reserve interest rate cut. In this case, it may drop to 146.10, the bottom of the trading range, and then rally to the important resistance level at 149.

The post USD/JPY forecast ahead of the US inflation report appeared first on Invezz